A circuit for driving light emitting diodes includes a first semiconductor switch that is responsive to a driver signal and a freewheeling device coupled between a first supply terminal that provides a supply voltage and a second supply terminal that provides a reference potential. An LED and an inductor are coupled in series between a common circuit node of the first semiconductor switch and the freewheeling device and either the first supply terminal or the second supply terminal. A current measurement circuit is coupled to the LED and provides a load current signal that represents a load current passing through the at least one LED. A first feedback circuit includes an on-off controller that receives load current signal and a reference signal, compares the load current signal with the reference signal and generates the driver signal dependent on the comparison.